The Dow lost 778 points, its largest point decline in history, and posted its biggest daily percentage slide since the 1987 stock market crash. The benchmark S&P 500 also had its worst day in 21 years after the House voted down the bailout plan by a count of 228 to 205.
The Dow Jones industrial average <.DJI> sank 777.68 points, or 6.98 percent, to 10,365.45. The Standard & Poor's 500 Index <.SPX> dropped 106.59 points, or 8.79 percent, to 1,106.42. The Nasdaq Composite Index <.IXIC> lost 199.61 points, or 9.14 percent, to 1,983.73.
NYMEX-NEW YORK, Sept 29 (Reuters) - U.S. crude oil futures plunged more than 10 percent on Monday after the U.S. House of Representatives failed to pass the proposed $700 billion bailout package for the troubled financial sector.
On the New York Mercantile Exchange, November crude
CBOT-SOYBEANS - November
Most contracts fell the 70 cent limit as economic uncertainty and a sell-off in crude oil pressuring soybeans to a nine-month low.
Daily trading limit widens to $1.05 for next session.
SOYOIL - October
Several months dive 2.5-cent limit amid drop in crude oil and economic turmoil. October trading without limits as Monday is first position day for soyoil deliveries.
Daily trading limit widens to 3.5 cts for next session.
FCPO-JAKARTA, Sept 29 (Reuters) - Malaysian palm futures plunged more than 8 percent on Monday due to losses in crude oil and demand concerns.
The benchmark December contract
REGIONAL EQUITY-BANGKOK, Sept 29 (Reuters) - Most Southeast Asian stock markets fell to a 1-week low on Monday as investors sold banking shares amid concerns about the effectiveness of a $700 billion plan to rescue the U.S. financial sector.
Singapore <.FTSTI> fell 2.08 percent to its lowest since Sept. 18, Malaysia edged down 0.08 percent to its lowest close since Sept. 18, Indonesia <.JKSE> dropped 0.74 percent and Vietnam <.VNI> closed 0.99 percent lower.